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Author Topic: Bitcoin have more risks than benefits?  (Read 3564 times)
Chrystora123
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June 04, 2018, 06:05:25 PM
 #1021

if you count everything with money then, of course, Bitcoin is more risky than profitable...

and as long as I focus on Bitcoin I feel more of the benefits than the risks...my knowledge grows, as I know little about Blockchain technology, the kind of cryptocurrency and the right way to invest...

No Gods or Kings. Only Bitcoin
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BinManR
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June 04, 2018, 06:08:19 PM
 #1022

Not sure about that, each type has its own risk. Bitcoins also have risks from the form of online investment and have not been legalized in a specific way, in addition to hackers. But you can achieve many benefits and most importantly use efficiency and speculation for wealth. In investment, business success and failure are just a fragile boundary of challenge and persistence.
Blessed J
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June 04, 2018, 06:11:24 PM
 #1023

Every bold decision we take in life comes with its own risk and bitcoin is no different. But from experience, I can say bitcoin's benefits is far greater than the risks involved. With bitcoin, you have the chance to make more profit than losses if and only if you play your cards well. The most important thing in bitcoin investment is to be extremely patient and to continuously research and monitor the trends in prices.
Justin Regoo
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June 04, 2018, 06:12:38 PM
 #1024

The benefit of bitcoin is that any transfer in Bitcoins happens very quickly, eliminating the inconvenience of typical authorization requirements and wait periods.
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June 04, 2018, 06:16:01 PM
 #1025

with reference to intrinsic price, I count on loads of human beings (such as yourself) are missing the idea of what intrinsic fee manner for the finance international. To a layman, sure, it has intrinsic charge. identical for gold. but for finance humans, it does not have an intrinsic price.

live with me so I can provide a reason behind. think of the terms "cloud" and "catfish". What do they propose to you? Does cloud recommend a seen mass of debris suspended in the environment or does it mean part of the net wherein processing and garage of facts take location? identical for catfish - is that a fish or a person? equal aspect with intrinsic charge.

Now does that advocate bitcoin is worthless? No, it's miles a massive technological leap forward and will impact every organization inside the international. So simply it has value. certain, I agree that it does. Intrinsic charge as finance human beings describe it? truly no longer.

finally, surely curious to your first mover advantage assertion. can you percent any examples wherein a product or improvement had first mover gain and emerge as now not taken over through the way of both a brief follower or some other innovation?
Although Bitcoin is a money making machine but still it is risky.Bitcoin is not centralised and so it is not even backed by any central bank or government.The price of bitcoin is very volatile and so we do not know when will the price rise or fall.The investors are also not sure about their profits because anytime the prices can go down.Bitcoin is based on the blockchain technology but there is also a risk of getting hacked.It can also get banned in the market.
Zainal-baguz
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June 04, 2018, 06:25:59 PM
 #1026

of course there is a risk. but also many benefits. even I am always trying to invest and I will never take from investments that I do unless it is already profitable. how to use capital in addition to daily needs .

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karisiak123
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June 04, 2018, 06:48:48 PM
 #1027

yes I suggest if you are afraid of risking to invest. do not give up everything you have.
save some to anticipate if you feel slumped. trust me all need time stable again.

genlocy
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June 04, 2018, 06:59:26 PM
 #1028

Every business depends on risk,bitcoin also but about benefits there are more profit than other business,i think to get more profit anyone can take this risk.
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June 04, 2018, 07:02:20 PM
 #1029

Invest in cryptocurrencies is today the highest risk investment. You can wake up and discover to have lost the 50% or your enter. So, if you invest you have to believe in technology first of all
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June 04, 2018, 07:04:31 PM
 #1030

I think quite the opposite, bitcoin is much more useful than risk. Many ways to make good money are accompanied by risks, and bitcoin is no exception. But worth it.
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June 04, 2018, 07:13:05 PM
 #1031

Bank of Spain, in Madrid, says that the bank of cryptocurrencies, bitcoin, it's not worth it, and there are more risks than benefits. There are more innovations and they are having more effect.

Notices: https://traders.fxstockbroker.com/article/use-of-crypto-currencies-has-more-risks-than-benefits-bank-of-spain-head
             https://www.compuserve.com/news/world/story/0002/20180523/KCN1IO0YB_1


What is your opinion?



I do not understand why I should listen to one bank that said something, repeating its investment strategy
KrisAlex18
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June 04, 2018, 07:23:30 PM
 #1032

Bank of Spain, in Madrid, says that the bank of cryptocurrencies, bitcoin, it's not worth it, and there are more risks than benefits. There are more innovations and they are having more effect.

Notices: https://traders.fxstockbroker.com/article/use-of-crypto-currencies-has-more-risks-than-benefits-bank-of-spain-head
             https://www.compuserve.com/news/world/story/0002/20180523/KCN1IO0YB_1


What is your opinion?


We can all agree to that. Bitcoin has been a very risky investment for many for a long time already and everyone else has experienced loss or gain from here but mostly rare gain was achieved. Though that's the thing, this shouldn't stop you from investing on bitcoin continously because behind all the risk there is, great reward can be achieved.
Pyr3x
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June 04, 2018, 07:34:51 PM
 #1033

Yes, it is really a very risky investment project, and you should be ready for it when you decide to earn with the help of cryptocurrency. But if you are not afraid and act with a cold head, you will get your profit.

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tazman
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June 04, 2018, 07:39:10 PM
 #1034

Investing in Bitcoin is high risky but still profitable.If you want to be successful investor through Bitcoin you just trust it with all of your heart.
AltCoinBuddah
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June 04, 2018, 07:51:08 PM
 #1035

bitcoin investment is a lot of risk, but before we invest we should understand about Cryptocurrency first, so we know the risks to be faced. I think bitcoin also has many benefits, as it has been proven to be a lot of success with bitcoin.
Ghayoor
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June 04, 2018, 07:57:02 PM
 #1036

Yes, it is really a very risky investment project, and you should be ready for it when you decide to earn with the help of cryptocurrency. But if you are not afraid and act with a cold head, you will get your profit.
i agree with you when you are not afraid and play here confidently so there so chance of lose you will always have to earn from here as i,m earning here from last five years bitcoin is very safe and sound fro investment.
crazymelons12
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June 04, 2018, 08:14:05 PM
 #1037

 Risks are always there on cryptocurrency investments and even in anyform of business. It is always natural to see ups and downs in the market trends. Even big businesses sells part of the company shares to avoid too much loses should something happen to a planned investment. Bitcoin on the other hand may have been full of these threats and plague by too many FUDs but I don't think it will just fall because of the risks mentioned. It is a good invention that is why people keep coming to invest on it and so it manages to survive all challenges since it was first used until now. 
Larrycool
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June 04, 2018, 08:15:54 PM
 #1038

All investments has risk, Transactions of Bitcoin is done without a third party interference so the transfer of fund is cheap and fast done through internet . Since Bitcoin is a decentralized currency there is no need of third party influence so there is no risk in paying extra money for transfer all over the globe.The risk in Bitcoin is that, there is limitations in transaction and bitcoin has only a limited number of Bitcoin that can be mined throughout its lifetime.
jessequick
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June 04, 2018, 08:16:47 PM
 #1039

In the investment of course we have to be prepared risk, do not ever think that big profit then low risk, all profit opportunity in investment always equal to chance of loss, this is what makes us must be wise in putting money in bitcoin because including high risk investment.
lauranaura67
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June 04, 2018, 08:22:13 PM
 #1040

Bank of Spain, in Madrid, says that the bank of cryptocurrencies, bitcoin, it's not worth it, and there are more risks than benefits. There are more innovations and they are having more effect.

What is your opinion?


I think that every investment has some risk attached to it but to say that BTC is worse than investing in something else is pure bull.
Also when you see that the bank is telling that something else is bad investment everything becomes clear when you realize that BTC and crypto are a direct competition to the banks
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